Were Analysts Bearish AeroVironment, Inc. (NASDAQ:AVAV) This Week?

Cornelia Mascio
Luglio 8, 2017

Several research firms have recently commented on AVAV.

UBS Group AG raised its stake in shares of AeroVironment, Inc. Eqis Capital Management Inc. purchased a new position in AeroVironment during the first quarter valued at $211,000. (NASDAQ:AVAV). Schwab Charles Investment Mgmt Incorporated holds 0% or 86,398 shares. The value of the investment in AeroVironment, Inc. increased from $15,451,000 to $17,438,000 increasing 12.9% quarter to quarter. FMR LLC bought a new stake in AeroVironment during the fourth quarter worth $3,652,000. Finally, Vident Investment Advisory LLC raised its stake in shares of AeroVironment by 8.3% in the fourth quarter. Goldman Sachs Group Inc owns 1,292,663 shares valued at $36,233,000. Institutional investors and hedge funds own 82.66% of the company's stock. (NASDAQ:AVAV) earned "Sell" rating by Zacks on Friday, August 21. The company has a market cap of $886.71 million, a P/E ratio of 70.57 and a beta of 1.31. Schedules Fourth Quarter and Full Fiscal Year 2017 ..." on June 20, 2017, also Investorplace.com published article titled: "3 Stocks to Watch on Wednesday: Facebook Inc (FB), AeroVironment, Inc. The company has a 50 day moving average price of $31.40 and a 200 day moving average price of $28.31.

Shares of AeroVironment (NASDAQ:AVAV) opened at 38.20 on Tuesday. The aerospace company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.31. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The firm had revenue of $125.40 million during the quarter, compared to analyst estimates of $122.90 million. During the same period in the prior year, the company posted $0.23 EPS. AeroVironment's revenue for the quarter was up 47.9% compared to the same quarter a year ago. (NASDAQ:AVAV). Oppenheimer holds 0.01% of its portfolio in AeroVironment, Inc.

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ILLEGAL ACTIVITY WARNING: This piece of content was first published by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another publication, it was stolen and republished in violation of U.S. & worldwide copyright & trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/07/07/comerica-bank-has-663000-stake-in-aerovironment-inc-avav-updated.html. On average, equities analysts expect that AeroVironment will post $0.54 earnings per share for the current year. TheStreet raised shares of AeroVironment from a "c-" rating to a "b" rating in a report on Tuesday, June 27th. Jefferies Group LLC raised their price objective on shares of AeroVironment from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of AeroVironment from a "hold" rating to a "strong-buy" rating and set a $42.00 price objective for the company in a research note on Friday, June 30th. Canaccord Genuity restated a "hold" rating and set a $29.00 target price on shares of AeroVironment in a research note on Friday, April 7th. Finally, Piper Jaffray Companies lowered AeroVironment from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $30.00 to $35.00 in a research report on Monday. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average price target of $31.80.

In other news, Chairman Timothy E. Conver sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $30.33, for a total transaction of $606,600.00. Following the completion of the sale, the chairman now directly owns 66,621 shares in the company, valued at $2,020,614.93.

In other AeroVironment news, Chairman Timothy E. Conver sold 4,000 shares of the company's stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $27.53, for a total transaction of $2,410,994.81. Following the transaction, the chairman now directly owns 88,276 shares in the company, valued at approximately $2,430,238.28. Director Timothy E. Conver disclosed the sale of 4,000 shares of (AVAV). Insiders sold a total of 115,577 shares of company stock worth $3,268,515 over the last 90 days. Company insiders own 12.50% of the company's stock.

AeroVironment, Inc. designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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